20 Hrs
Source:
Sky News
Australia looks at LNG contract limits
Australia is considering imposing restrictions on liquefied natural gas exports, including allocating 20% of production for the domestic market, in an effort to address supply shortages on the eastern coast. The policy exempts contracts signed before last December, provided the commitment to supply the local share is maintained. This has sparked criticism from the gas sector, which fears that investment and the country's reputation may suffer. The move comes amid a decline in global gas supplies caused by the ongoing conflict between the United States and Iran, with market tensions requiring alternatives such as importing gas from abroad or reducing exports.
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